Central Coalfields Ltd (CCL), a subsidiary of Coal India Ltd (CIL), will come out from the purview of the Board for Industrial & Financial Reconstruction (BIFR) by the end of the current financial year (2003-04) wiping out its accumulated loss of Rs 1100 crore with record profit of Rs 270 crore in the fiscal 2002-03.
Disclosing this, the chairman and managing director of the Ranchi-based company, L M Thapar, said that during the fiscal 2002-03, CCL also attained a new height in coal despatches, wagon loading, productivity, utilization of machines, profitability, sales realization, quality management.
CCL